Crystal Palace's European Dreams in Limbo Amid Ownership Probe

Crystal Palace's chances of competing in the Europa League next season hang in the balance as UEFA delayed a decision on Monday concerning potential ownership rule breaches. The investigation involves both Crystal Palace and French club Lyon, linked through American businessman John Textor.

The clubs secured Europa League spots on merit, marking a historic achievement for Palace as they enter European competition for the first time. However, ownership ties have put their participation at risk, given UEFA's stringent rules against multi-club ownership which could disqualify teams with shared investors.

Textor, who owns Lyon and held a significant stake in Palace, has agreed to offload his Palace shares to Woody Johnson, owner of the New York Jets. Despite limited decision-making power at Palace, Textor's connections present a complex puzzle for UEFA, which might rule in Palace's favor, especially if Lyon faces relegation due to ongoing financial issues.

(With inputs from agencies.)